Edmonton Real Estate Blog

With 2022 drawing closer, thoughts are naturally drifting towards what the housing market will have in store for us over the next 12 months. As a result, we thought it was a good time to look at Edmonton’s housing marketing predictions for the next year!

While it’s impossible to predict exactly what the market will do, we can look at several factors that are currently affecting home prices and are likely to continue into the next year or more, as well as some other professional forecasts and predictions, to get a sense of where things are headed.

Let’s take a look at some of the real estate market trends and predictions for 2022. Read More

In Edmonton, the average price of a single-family home is $450,306. Townhouses rose by 31% year over year, to an average price of $361,827.

Once you’ve decided to purchase a brand-new home, the first thing you’ll need to do is narrow down your options. But where do you start? Which homes and neighbourhoods will give you the most for your hard-earned first-home dollars? What else do you need to take into consideration when it comes to affording your first new home?

We’re here to help!

Here’s what you’ll need to know when it comes to choosing a new starter home in the Edmonton area at a price you can afford. Read More

One of the biggest challenges Canadians face is the long winter season. Winters in Canada can be harsh, especially in the Edmonton area. Many homeowners – new ones especially – don’t realize there are certain steps they should be taking to prepare for the colder months ahead. It’s very important to winterize your home.

But there’s no need to worry! The steps you should take are fairly simple, and they can potentially save you a lot of time and money when it comes to maintenance and repairs in the future.

Let’s look at some of the best ways to prepare your new home for the winter. Read More

Our customers often ask us, “How long does it take to build a new home?”

Naturally, this is an important question to have because you want to be able to plan accordingly and find a home that fits within your timeframe. It does take longer to build a new home than it does to move into a resale home. Sometimes, there can be a bit of uncertainty around the move-in date. This can make it hard to know when to time the sale of your current home or plan a move. Read More

One of the most important aspects of the home-buying process is knowing what to expect — especially when it comes to new home costs. The thought of buying a home can be daunting, and you don’t want to be taken by surprise with any unexpected fees. Knowing potential surprises in regards to the costs of buying a home will help you prepare financially and mentally. Read More

Price per square foot is a well-known measure of the value of a home, but how is that calculated? It’s more complicated than you might think – does the home with the lowest price per square foot offer the best value? Does a high price per square foot mean that a home is out of your price range? Can you estimate the cost of the home you want by simply multiplying the average price per square foot by the size of the house you want?

The answer to these questions might surprise you. Read More

Thinking about buying a brand-new home? Perfect! Now all you need to do is start shopping around for the actual property you want to buy. This is where an MLS – a Multiple Listing Service – comes in handy. And you want to make sure you find the best MLS listings in Edmonton!

In case you aren’t sure, an MLS is a listing service in which a group of REALTORS® agree to share their databases and work together to try and sell properties more efficiently than they could on their own. In other words, rather than going to each individual builder or realtor’s site to see what they’re offering, you can access all available properties through a single site. Finding a good MLS site can greatly increase your chances of finding your perfect home, and it could greatly speed up the process.

Let’s take a look at why MLS listings are so popular, and how you can find a good one. Read More

As a newcomer to Canada, you want to get settled as quickly as possible, and this means purchasing a home so you can put down roots for your family. Because it is such a large purchase and you’ll be making payments on it over time, one of the first things you’ll need to do is qualify for a mortgage.

The typical mortgage charges interest based on rates that the government and Bank of Canada set, as well as the borrower’s credit score, and is usually paid over a period of 25 years. New Canadians may not understand all the details of these loans, so we’ve put this guide together to help you understand the basics and what you’ll need to do to get your mortgage. Read More

To those who are new to Canada, the idea of a Home Owners Association may be a completely new concept. Even some natural-born Canadians are a little confused by what it means.

A Home Owners Association, or HOA, is an elected group of people from the neighbourhood who are in charge of things related to community standards. If the neighbourhood you live in has an HOA, normally you’ll be required to pay an annual fee to the group so make sure to factor this into your budget.

Is the extra cost worth it or should you look for communities that don’t have an HOA? We’ll break down some of the benefits to help you decide. Read More

You already know that buying your first home in Canada is going to be one of the biggest purchases you’ll make in your lifetime, but most people tend to focus solely on the purchase price.

The truth is there are several additional costs associated with your home purchase, and if you don’t plan for them, you could quickly find yourself struggling financially.

We’ve broken down some of the most common costs you’ll have as you purchase your home so you can start planning now. Read More